Construction industry in Kenya is expected to continue its long term growth story across sectors. Growth in transport and power infrastructure and commercial construction sector is likely to bring investments to the construction segment. Some significant investments include Old Mutual Property’s investment of USD 60 million (KES 6.4 billion) in Two Rivers Mall and AVIC International Holding Corporation of China is likely to invest USD 200 million in building its headquarters in Nairobi. The government also has invested significantly in infrastructure that is fuelling the growth of this segment. However, residential sector is highly undersupplied. In order to address this issue, the government issued a tax incentive for developers, reducing corporate tax to 15% from 30%. Additionally, it has also removed National Environment Management Authority (NEMA) and National Construction Authority (NCA) charges which consisted between 0.1% and 0.5% of construction costs. Nairobi, Mombasa and Kisumu will remain key pockets of growth. Building construction industry in Nakuru is expected to record a CAGR of 9.2% to reach US$ 201.5 million by 2021, while in volume terms, it is expected to record a CAGR of 2.5% during the same period.

• Nakuru Market Data by Value and Volume: This report provides market size and forecast across 20+ construction segments for a period of 10 years from 2012-2021 in Nakuru, both in value and volume terms.